According to Foresight News, a new report from the Australian Federal Police (AFP) pointed out that in the past 12 months, Australians have lost $122 million (A$180 million) to crypto scams, with most victims under the age of 50. The AFP also stated in a statement on August 28 that investment scams caused a total loss of $269 million (A$382 million) last year, of which about 47% were related to cryptocurrencies.
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Report: Australian investors lost $122 million to crypto scams in the past 12 months
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